The Income Tax Department has introduced Form 141, a consolidated challan-cum-statement, merging four previous TDS forms. This new form simplifies TDS filing for various transactions including rent, ...

The Income Tax Department has rolled out a new TRACES portal aimed at improving usability and speeding up processes. But how ...

TDS Filing Online: Late filing of TDS return attracts a fine of Rs 200 per day till the TDS return is filed. TDS Online Return Filing: Tax deducted at source (TDS) as the name suggests is the amount ...

Income Tax Department launches upgraded TRACES portal with new TDS forms and a single tax year, simplifying compliance and ...

Issued annually on or before June 15 of every year, the Form contains information needed to file your income tax return. The Central Board of Direct Taxes has once again brought in changes to the Form ...

The Income Tax Department has issued an advisory stating that correction statements for TDS and TCS can only be filed for Q4 of FY 2018-19 up to Q3 of FY 2023-24 until March 31, 2026. This means if ...

New I-T Bill restores exemption for anonymous donations to trusts, TDS refund claim filing procedure Clause 337 of the Income Tax Bill, 2025, proposed a flat 30% tax on anonymous donations received by ...